Etsy price target lowered to $51 from $55 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Etsy (ETSY) to $51 from $55 and keeps a Neutral rating on the shares. Etsy’s Q4 results showed GMS roughly in line with expectations and EBITDA 4% above prior estimates, with core Marketplace performance improving to near-flat year over year excluding foreign exchange, the analyst tells investors in a research note. The company expects Q1 GMS growth of about 3% y/y and positive growth for full-year 2026, supported by product and marketing initiatives, while the $1.2B Depop sale will fund core investments and share repurchases, the firm says.